Social Sciences
3 years ago

Rank information in auctions leads to more aggressive bidding behavior.

SSRN Electronic Journal
All-Pay Auctions with Rank Information
Christian Riis

Paper Summary

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The article explores how sharing information about bidders' ranks affects their bidding behavior in auctions. When bidders know each other's ranks, they bid more aggressively compared to when they don't have this information. This increased aggression can change the dynamics of the auction and impact the final outcomes.